This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Economic Growth > Economic Growth – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Economic Growth Quiz 13 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A firm purchases a new photocopier for its printing room. Which of the following components of aggregate demand would increase? A) Imports. B) Exports. C) Investments. D) Consumption. Show Answer Correct Answer: C) Investments. 2. If a reporter interviewed a member of the General Assembly, what question might he ask? A) How do you make sure the state laws are carried out?. B) How do you decide what should become a new law?. C) How long have you been the leader of Virginia?. D) Do you enjoy working as a Supreme Court Justice?. Show Answer Correct Answer: B) How do you decide what should become a new law?. 3. What would be most likely to stimulate long-run growth in an economy? A) Employment protection legislation. B) Government policy toc aggregate demand. C) Technical innovations by firms. D) The development of trade unions. Show Answer Correct Answer: C) Technical innovations by firms. 4. The services included in economic infrastructure is/ are A) Energy. B) Transport. C) Communication. D) All of these. Show Answer Correct Answer: D) All of these. 5. What's the average salary per week in South Cambridgeshire? A) £714. B) £2500. C) £586. D) £274. Show Answer Correct Answer: A) £714. 6. Why is economic growth important? A) To decrease government revenue. B) To increase per Capita income. C) To limit capital investment. D) To stagnate technological advancements. Show Answer Correct Answer: B) To increase per Capita income. 7. What is the literacy rate of Saudi Arabia? A) 97.1%. B) 85.0%. C) 87.2%. D) 50%. Show Answer Correct Answer: C) 87.2%. 8. Which of the following is the cost of economic growth A) Create poverty and hunger. B) Negative impacts on the environment, social inequality, and depletion of natural resources. C) Same level of job opportunities. D) Increase the level of choice and possibly international transaction such as import. Show Answer Correct Answer: B) Negative impacts on the environment, social inequality, and depletion of natural resources. 9. Creates new industries while strengthening the existing ones. A) Stage 1:Traditional Society. B) Stage 2:Pre-Condition for Take-Off. C) Stage 3:Take-Off. D) Stage 4:Drive to Maturity. E) Stage 5:High Mass Consumption. Show Answer Correct Answer: D) Stage 4:Drive to Maturity. 10. Samuel Gompers was the founder of ..... A) Telegraph. B) U.S. Steel. C) AFL. D) Knights of Labor. Show Answer Correct Answer: C) AFL. 11. Which of the following is NOT part of GDP definition? A) Market value. B) Intermediate goods and services. C) Produced within a country. D) Given time period. Show Answer Correct Answer: B) Intermediate goods and services. 12. Cody buys a new baler for his cotton field. A) Capital Goods. B) Entrepreneur. C) Human Capital. D) Natural Resources. Show Answer Correct Answer: A) Capital Goods. 13. The stated goal of the Organization of Petroleum Exporting Countries is to A) Stabilize the market for oil. B) Remove barriers to trade in oil. C) Invest in new oil technologies. D) Standardize tariffs on crude oil. Show Answer Correct Answer: A) Stabilize the market for oil. 14. What percentage of India's international trade goes through Mumbai? A) 10%. B) 15%. C) 20%. D) 25%. Show Answer Correct Answer: D) 25%. 15. For a given population and a given quantity of labor employed, what will happen to aggregate production and income per capita if there is an increase in a nation's capital stock? A) Aggregate production will increase, and income per capita will decrease. B) Aggregate production will increase, and income per capita will increase. C) Aggregate production will decrease, and income per capita will be indeterminate. D) Aggregate production will decrease, and income per capita will increase. Show Answer Correct Answer: B) Aggregate production will increase, and income per capita will increase. 16. Which of the following is a method to measure the National Income? A) Expenditure method. B) Income method. C) Product method. D) All of the option. Show Answer Correct Answer: D) All of the option. 17. All of the following are reasons why early European settlers came to Carolina and the new world, EXCEPT: A) To gain religious freedom. B) To find silver and gold. C) To establish colonies. D) To civilize the Indians. Show Answer Correct Answer: D) To civilize the Indians. 18. What can we do to fix some of the issues? A) Cry. B) Provide youth the best opportunity to transition to a decent job. C) Invest in bitcoin and start your own business. D) Give up unfair jobs. Show Answer Correct Answer: B) Provide youth the best opportunity to transition to a decent job. 19. In division of labour, workers are ..... A) Independent. B) Interdependent. Show Answer Correct Answer: B) Interdependent. 20. Educated workers have helped the U.S. to have a high gross domestic product. A) True. B) False tagsS2789894. Show Answer Correct Answer: A) True. ← PreviousNext →Related QuizzesMacroeconomics QuizzesEconomics QuizzesEconomic Growth Quiz 1Economic Growth Quiz 2Economic Growth Quiz 3Economic Growth Quiz 4Economic Growth Quiz 5Economic Growth Quiz 6Economic Growth Quiz 7Economic Growth Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books